NORDIC AMERICAN TANKERS LTD (NAT) Stock Fundamental Analysis
NYSE:NAT - New York Stock Exchange, Inc. - BMG657731060 - Common Stock - Currency: USD
Taking everything into account, NAT scores 4 out of 10 in our fundamental rating. NAT was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. NAT has an average financial health and profitability rating. NAT has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year NAT was profitable.
NAT had a positive operating cash flow in the past year.
NAT had positive earnings in 4 of the past 5 years.
Of the past 5 years NAT 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.18%, NAT is in line with its industry, outperforming 55.92% of the companies in the same industry.
NAT has a Return On Equity of 7.24%. This is comparable to the rest of the industry: NAT outperforms 46.92% of its industry peers.
The Return On Invested Capital of NAT (5.71%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for NAT is significantly below the industry average of 23.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROIC | 5.71% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
1.3 Margins
NAT has a Profit Margin (11.07%) which is comparable to the rest of the industry.
NAT has a Operating Margin (16.91%) which is in line with its industry peers.
NAT's Operating Margin has improved in the last couple of years.
NAT has a Gross Margin (42.39%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of NAT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% |
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
2. Health
2.1 Basic Checks
NAT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for NAT has been increased compared to 1 year ago.
NAT has more shares outstanding than it did 5 years ago.
NAT has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of NAT is 3.93, which is a good value as it means it would take NAT, 3.93 years of fcf income to pay off all of its debts.
NAT has a better Debt to FCF ratio (3.93) than 71.09% of its industry peers.
NAT has a Debt/Equity ratio of 0.53. This is a neutral value indicating NAT is somewhat dependend on debt financing.
NAT has a Debt to Equity ratio of 0.53. This is comparable to the rest of the industry: NAT outperforms 45.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Altman-Z | N/A |
ROIC/WACC0.65
WACC8.75%
2.3 Liquidity
NAT has a Current Ratio of 1.54. This is a normal value and indicates that NAT is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.54, NAT is doing good in the industry, outperforming 67.30% of the companies in the same industry.
A Quick Ratio of 1.34 indicates that NAT should not have too much problems paying its short term obligations.
NAT has a Quick ratio of 1.34. This is in the better half of the industry: NAT outperforms 67.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
NAT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -46.88%.
Looking at the last year, NAT shows a very negative growth in Revenue. The Revenue has decreased by -10.42% in the last year.
Measured over the past years, NAT shows a small growth in Revenue. The Revenue has been growing by 1.97% on average per year.
EPS 1Y (TTM)-46.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-71.43%
Revenue 1Y (TTM)-10.42%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-37.36%
3.2 Future
NAT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.08% yearly.
NAT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.25% yearly.
EPS Next Y25.33%
EPS Next 2Y25.12%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue Next Year13.91%
Revenue Next 2Y9.92%
Revenue Next 3Y1.25%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.94, which indicates a correct valuation of NAT.
Compared to the rest of the industry, the Price/Earnings ratio of NAT is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.45. NAT is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 7.87 indicates a rather cheap valuation of NAT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NAT indicates a somewhat cheap valuation: NAT is cheaper than 79.15% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.90, NAT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.94 | ||
| Fwd PE | 7.87 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as NAT.
NAT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NAT is cheaper than 85.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.63 | ||
| EV/EBITDA | 7.28 |
4.3 Compensation for Growth
NAT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.63
PEG (5Y)N/A
EPS Next 2Y25.12%
EPS Next 3Y6.08%
5. Dividend
5.1 Amount
NAT has a Yearly Dividend Yield of 10.78%, which is a nice return.
NAT's Dividend Yield is rather good when compared to the industry average which is at 6.66. NAT pays more dividend than 89.10% of the companies in the same industry.
NAT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.78% |
5.2 History
The dividend of NAT is nicely growing with an annual growth rate of 33.35%!
NAT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)33.35%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
NAT pays out 264.15% of its income as dividend. This is not a sustainable payout ratio.
NAT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP264.15%
EPS Next 2Y25.12%
EPS Next 3Y6.08%
2.71
+0.03 (+1.12%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners40.63%
Inst Owner Change1.32%
Ins Owners4.34%
Ins Owner ChangeN/A
Market Cap573.84M
Analysts75.56
Price Target4.16 (53.51%)
Short Float %7.21%
Short Ratio5.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.78% |
Yearly Dividend0.42
Dividend Growth(5Y)33.35%
DP264.15%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)148.95%
Min EPS beat(2)-72.24%
Max EPS beat(2)370.15%
EPS beat(4)2
Avg EPS beat(4)74.62%
Min EPS beat(4)-72.24%
Max EPS beat(4)370.15%
EPS beat(8)2
Avg EPS beat(8)26.08%
EPS beat(12)4
Avg EPS beat(12)18.89%
EPS beat(16)4
Avg EPS beat(16)11.21%
Revenue beat(2)0
Avg Revenue beat(2)-20.6%
Min Revenue beat(2)-30.58%
Max Revenue beat(2)-10.61%
Revenue beat(4)1
Avg Revenue beat(4)-10.27%
Min Revenue beat(4)-30.58%
Max Revenue beat(4)1.11%
Revenue beat(8)3
Avg Revenue beat(8)-9.54%
Revenue beat(12)5
Avg Revenue beat(12)9.91%
Revenue beat(16)6
Avg Revenue beat(16)20.65%
PT rev (1m)-3.89%
PT rev (3m)-8.22%
EPS NQ rev (1m)16.56%
EPS NQ rev (3m)16.56%
EPS NY rev (1m)-8%
EPS NY rev (3m)-9%
Revenue NQ rev (1m)-1.62%
Revenue NQ rev (3m)-1.62%
Revenue NY rev (1m)-2.05%
Revenue NY rev (3m)6.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.94 | ||
| Fwd PE | 7.87 | ||
| P/S | 1.75 | ||
| P/FCF | 6.63 | ||
| P/OCF | 6.43 | ||
| P/B | 1.15 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | 7.28 |
EPS(TTM)0.17
EY6.27%
EPS(NY)0.34
Fwd EY12.71%
FCF(TTM)0.41
FCFY15.09%
OCF(TTM)0.42
OCFY15.56%
SpS1.54
BVpS2.36
TBVpS2.36
PEG (NY)0.63
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROCE | 7.22% | ||
| ROIC | 5.71% | ||
| ROICexc | 6.6% | ||
| ROICexgc | 6.6% | ||
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% | ||
| FCFM | 26.47% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
ROICexc(3y)8.44%
ROICexc(5y)N/A
ROICexgc(3y)8.44%
ROICexgc(5y)N/A
ROCE(3y)10.17%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y25.4%
ROICexc growth 3YN/A
ROICexc growth 5Y25.4%
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
F-Score4
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Debt/EBITDA | 2.37 | ||
| Cap/Depr | 4.83% | ||
| Cap/Sales | 0.83% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.12% | ||
| Profit Quality | 239.04% | ||
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | N/A |
F-Score4
WACC8.75%
ROIC/WACC0.65
Cap/Depr(3y)52.71%
Cap/Depr(5y)35.03%
Cap/Sales(3y)7.02%
Cap/Sales(5y)5.08%
Profit Quality(3y)153.87%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-46.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-71.43%
EPS Next Y25.33%
EPS Next 2Y25.12%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.42%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-37.36%
Revenue Next Year13.91%
Revenue Next 2Y9.92%
Revenue Next 3Y1.25%
Revenue Next 5YN/A
EBIT growth 1Y-42.47%
EBIT growth 3YN/A
EBIT growth 5Y19.29%
EBIT Next Year73.09%
EBIT Next 3Y20.88%
EBIT Next 5YN/A
FCF growth 1Y10.18%
FCF growth 3YN/A
FCF growth 5Y27.27%
OCF growth 1Y6.57%
OCF growth 3YN/A
OCF growth 5Y26.16%